I'm having serious trouble getting a loan. I have a property under contract. It looks like this.\purchase price = 95k.down payment = 15% = $14,250Renovation = 5KARV = around 140KClosing is around 5k. The bank (well Fa...
I think it is impossible to succeed in Bankruptcy Auction. The banks agent will always bid what the loan value that the bank is currently on the hook for. Has anyone been able to go to an auction and ACTUALLY made mon...
My dad has been talking about selling his small 16 unit apartment building, we both have decided that I will take over the complex and he would even owner finance to keep it in the family. Is there a good way to make...
Hello all,I've been flirting with the idea of a lease option as it would be a good way to earn some upfront cash via the deposit and make a small profit on my home. I was under the impression that a fixed price for t...
After fighting a privately owned utility for 4 years, having condemnation filed against me, and countless other acts of harassment etc... I settled with the utility. The land taken is a 50 foot wide NG easement acros...
@Dave Foster wrote a good reply to a different thread... I'm looking for clarity AND more advice30,000 foot overview-I bought a small motel in summer of 2017 for $435,000 ($135k down, $300k mortgage).Invested addition...
I have recently come across a situation in which someone sold their investment property and didn't follow all of the 1031 exchange procedures completely ( they received the funds directly after selling their investmen...
This goes out to the CPAs/accountants...if I'm selling a property that will realize capital gains, and I decide to provide seller financing, does the IRS recognize the sale for purposes of the 1031 timeline starting a...
One of the major considerations when buying a home is the down payment. A down payment is the amount of money you pay upfront when purchasing a home. It is a percentage of the home’s sale price, and the rest of the pa...
I have what I think is a two-part question. So here is the scenario and hopefully it makes sense.If someone were coming into money from the proceeds of their primary residence (qualifying within the 3/5 years occupan...